Geberit Sees Slowdown in 3Q; Shares Overvalued
Geberit's third-quarter organic sales growth slowed to under 1% and the EBIT margin contracted 90 basis points year over year, a weaker performance relative to the first half driven by growth fatigue across a few markets, including some in Europe. Management reduced guidance for the full year, taking expected organic revenue growth down 100 basis points to 3%. (The reported figured will be higher due to currency effects.) We expect to adjust our near-term numbers down slightly but do not expect ...Geberit is a supplier of sanitary technology products. Co. develops, produces and distributes sanitary products and systems for the residential and commercial new construction and renovation markets. Co.'s product range consists of: the Sanitary Systems product area with the Installation Systems, Cisterns & Mechanisms, Faucets & Flushing Systems and Waste Fittings & Traps product lines; and the Piping Systems product area with the Building Drainage Systems and Supply Systems product lines. Co.'s products are sold through the wholesale channel to in more than 120 countries.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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